NOT LISTED FOR SALE

340 Arbor Way Unit 40 Milpitas, CA 95035

Estimated Value: $705,000 - $753,000

2 Beds
2 Baths
924 Sq Ft
2,047 Sq Ft Lot

Last Sold June 21, 2013

Last sale price $392,000 $424 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $4,441/month

8 Days on Market

Highlights

  • Unit is on the top floor
  • Primary Bedroom Suite
  • Living Room with Fireplace
  • Marshall Pomeroy Elementary School Rated A
  • Contemporary Architecture
  • Vaulted Ceiling

About This Home

As of June 2013

Beautiful Top-Floor Unit ready for Move-in! Great central location in Milpitas, walking distance to restaurants and easy access to HWY 880 and 680! Unit overlooks the pool and has garage parking! Laminate floors, custom paint, in-unit laundry, and washer, dryer and fridge included. Come see this for yourself!

Last Agent to Sell the Property

Lawrence Ko

Bay East AOR License #01372447 Listed on: 05/14/2013

Last Buyer's Agent

Joe Liao

J & A Realty License #01824670

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,531

Year Built

  • Built in 1992

Lot Details

  • 2,047

Parking

  • Detached Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Formal Dining Room

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Suite
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Dryer
  • Washer

Location

  • Unit is on the top floor

Utilities

  • Forced Air Heating System
  • Thermostat

Listing and Financial Details

  • Assessor Parcel Number 026-29-040

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include landscaping / gardening, pool spa or tennis, roof, common area electricity, insurance - common area
  • Fountain Square Association

Amenities

  • Sauna

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,531

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Subclass: Condominium
  • Style: Contemporary
  • Age: 21
  • Sale Price Per Sq Ft: 424.24
  • Listing Class: Residential
  • Maximum Unit Levels: 1
  • Structure Sq Ft: 924
  • Incorporated: Yes
  • Map Book Page: 793
  • Map Side Coordinate: 4
  • Map Top Coordinate: J
  • Thomas Bros Page: 793
  • Thomas Brothers: J4
  • Year Built: 1992
  • Zoning Description: R1
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Family Room: No Family Room, No Separate Family Room
  • Fireplace: Living Room, Yes, Wood Burning
  • Dining Room: Formal Dining Room, No Informal Dining Room
  • Kitchen: Dishwasher, Garbage Disposal, Refrigerator, Oven Range
  • Living Sq Ft: 924
  • Stories: 1
  • Bedrooms: Primary Suite / Retreat
  • Laundry: In Laundry Room, Dryer, Washer, 220 Volt Outlet
  • Flooring: Laminate, Carpet - Wall to Wall, Vinyl / Linoleum
  • Maximum Bathrooms: 2
  • Maximum Numberof Bedrooms: 2
  • Minimum Bathrooms: 2
  • Minimum Numberof Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Bathroom: Tubs - 2+, No Stall Shower

Garage/Parking

  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air

Condo/Co-op/Association

  • HOA Fees: 285
  • HOA Amenities: Community Pool, Sauna / Spa / Hot Tub
  • HOA Documents: Articles of Incorporation, Bylaws
  • Association Fees Include: Landscaping / Gardening, Pool, Spa, or Tennis, Roof, Common Area Electricity, Insurance - Common Area
  • H O A Name Text: Fountain Square
  • Levels In Unit: 1
  • H O A Exist: Yes

Association/Amenities

  • Amenities Miscellaneous: Window Covering(s), Double Pane Windows(s), Vaulted Ceiling, Balcony/Patio

Schools

  • School District: Milpitas Unified

Lot Info

  • Parcel Number: 026-29-040
  • List Price per Sq Ft: 351.73
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2041.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 2041.00
  • Lot Size Area Min Search: 2041.00
  • Maximum Lot Size: 2041.00
  • Map Book: Thomas Bros
  • Map Book Secondary: Barclay

Green Features

  • Energy Features: Double Pane Windows, Thermostat Controller

Multi Family

  • Maximum Building Height: 3
  • Minimum Building Height: 1
  • Unit Features: Top Floor or Penthouse

MLS Schools

  • High School District Text: Milpitas Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2013
Closed on
Jul 5, 2013
Sold by
Lau Sherman and Lau Wing Yui
Bought by
Tan Yici and Yu Zili
Seller's Agent
Lawrence Ko
Bay East AOR
Buyer's Agent
Joe Liao
J & A Realty
List Price
$325,000
Sold Price
$392,000
Premium/Discount to List
$67,000
20.62%
Current Estimated Value
$727,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$335,088
Avg. Annual Appreciation
5.13%
Original Mortgage
$212,000
Outstanding Balance
$145,887
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$574,011

Purchase Details

Closed on
Dec 5, 2005
Sold by
Lau Sherman and Lau Anita
Bought by
Lau Sherman and Lau Wing Yui

Purchase Details

Closed on
May 25, 2005
Sold by
Kak Sanjeev and Khar Renu
Bought by
Lau Sherman and Lau Wing Yui

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 1998
Sold by
Thongsai Pecora
Bought by
Kak Sanjeev and Khar Renu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,450
Interest Rate
7.11%

Purchase Details

Closed on
Jan 12, 1994
Sold by
Wilson Development Inc
Bought by
Pecora Thongsai

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,950
Interest Rate
7.29%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tan Yici $392,000 Chicago Title Company
Lau Sherman $32,500 --
Lau Sherman $430,000 Ticor Title Company
Kak Sanjeev $211,000 Chicago Title Co
Pecora Thongsai $160,000 First American Title Guarant
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tan Yici $212,000
Previous Owner Lau Sherman $65,500
Previous Owner Lau Sherman $344,000
Previous Owner Kak Sanjeev $252,000
Previous Owner Kak Sanjeev $50,000
Previous Owner Kak Sanjeev $211,000
Previous Owner Kak Sanjeev $212,000
Previous Owner Kak Sanjeev $220,000
Previous Owner Kak Sanjeev $22,000
Previous Owner Kak Sanjeev $198,000
Previous Owner Kak Sanjeev $200,450
Previous Owner Pecora Thongsai $119,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold $392,000 +20.6% $424 / Sq Ft
05/22/2013 05/22/13 Pending -- -- --
05/14/2013 05/14/13 For Sale $325,000 -- $352 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,531 $480,530 $240,265 $240,265
2024 $5,531 $471,108 $235,554 $235,554
2023 $5,512 $461,872 $230,936 $230,936
2022 $5,492 $452,816 $226,408 $226,408
2021 $5,413 $443,938 $221,969 $221,969
2020 $5,319 $439,386 $219,693 $219,693
2019 $5,259 $430,772 $215,386 $215,386
2018 $4,997 $422,326 $211,163 $211,163
2017 $4,932 $414,046 $207,023 $207,023
2016 $4,730 $405,928 $202,964 $202,964
2015 $4,682 $399,832 $199,916 $199,916
2014 $4,548 $392,000 $196,000 $196,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lawrence Ko

    Bay East AOR

  • J

    Buyer's Agent in 2013

    Joe Liao

    J & A Realty

    (510) 468-8886

    6 Total Sales

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Map

Source: MLSListings

MLS Number: ML81316557

MLSListings

APN: 026-29-040

California Santa Clara County Milpitas 95035

340 Arbor Way Unit 40, Milpitas, CA

This home is located at 340 Arbor Way Unit 40, Milpitas, CA 95035 since 14 May 2013 and is currently estimated at $719,898, approximately $779 per square foot. This property was built in 1992. 340 Arbor Way Unit 40 is a home located in Santa Clara County with nearby schools including Marshall Pomeroy Elementary School, Thomas Russell Middle School, and Milpitas High School.

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